CARBON CAPTURE STUDIES PREVIEWED AT HOUSE SCIENCE
At a July 17 House Science hearing, Carbon Utilization Research Council Executive Director Shannon Angielski previewed two upcoming studies that will be released later this month underscoring the promise and benefits of aggressively developing and commercializing U.S.-based carbon capture, storage and utilization technologies.
CURC and the Electric Power Research Institute, Inc. (EPRI) will release the 2018 Advanced Fossil Energy Technology Roadmap that identifies technologies that can be available by the 2025-2035 timeframe that generate electricity from fossil fuels with significantly reduced carbon dioxide emissions that could be cost competitive with other sources of electricity generation.
This will be the fifth Roadmap that CURC and EPRI have published since 2003. The 2018 Roadmap is a departure from prior Roadmaps published by CURC and EPRI as it includes new data on recent advances in technology for not just coal, but also natural gas in electric power generation.
A companion analysis conducted by CURC and ClearPath will also include modeling provided by NERA Economic Consulting and Advanced Resources International to show that there are significant economic benefits to the U.S. if the technology development outlined in the Roadmap is undertaken under a wide range of scenarios.
The analysis projects:
- Up to 87 GW of market-driven carbon capture deployment paired with enhanced oil recovery by 2040
- Resulting in a significant increase in domestic oil production and lower cost retail electricity rates
- All of which contribute to substantial increases in annual GDP as well as over 800,000 new jobs through 2040
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